When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate
Colorado extends grace period for new SALT rules.
Are your paycheck deductions in check for 2019? Adjustments to your withholdings may be recommended, especially for taxpayers with complicated financial situations.
Here are 10 warning signs that your pension contributions are being misused. If you have compliance questions on your employee benefit plan, please contact the SKR+CO audit team.
Tax reform included major changes to gift and estate taxes. The new laws significantly reduces the number of taxpayers who will be subject to gift
The Tax Cuts and Jobs Act (TCJA) initially seemed to eliminate the popular meal expense deduction for businesses in some situations. The IRS has since
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even
Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure
By and large, today’s employees expect employers to offer a tax-advantaged retirement plan. A 401(k) is an obvious choice to consider, but you may not
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement, but what if you convert your traditional IRA
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C
Charitable giving may help some filers reduce tax liability, particularly for high-income earners or those who have itemize deductions in excess of the new
As the new tax bill worked its way through Congress last fall, nonprofits across the country raised their voices high to share concerns about its
Raffles: Follow the rules of the game If your organization anticipates raising big amounts with a raffle at your next fundraising event, you might want
For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. Others
Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to
Nonprofits typically work hard to make the world a better place and their success depends greatly on financial health and integrity. That is why many nonprofits
In a much-anticipated ruling that confounded the expectations of many court watchers, the U.S. Supreme Court has given state and local governments the green light
Starting early on your 2018 tax planning is especially critical this year, as tax reform has substantially changed the tax environment. Tax planning helps determine
Tax reform has led to confusion over some of the changes to longstanding deductions, including the deduction for interest on home equity loans. The IRS
Recharacterization of IRA contributions An individual who makes a contribution to a regular or Roth IRA can recharacterize it as made to the other type of